Latin America Government and Economics

Who chooses the leader in a parliamentary democracy?

• citizens
• monarchy
• law-making body
• chancellor

Twice a year, Chick fil a restaurants send employees to a special school in Orlando to take classes in management. This is an example of investing in...

• entrepreneur

• healthcare

• human capital

• capital goods

The beautiful island of Wilson is very small and has limited natural resources. How does this affect trade for the island of Wilson?

• exports only manufactured goods

• imports fewer products

• exports more goods to country of Cragin

• has to import goods needed

Tariffs are a trade barrier that place a tax on what type of goods?

• exported goods
• imported goods
• people's cars
• business owner's companies

Citizenship participation: Type of government where one person has complete control. People have no say in government.

• democracy
• oligarchy
• autocracy
• unitary

Type of democracy where citizens elect the legislative body (law-making body) and the law-making body appoints the executive branch

• presidential democracy
• direct democracy
• parliamentary democracy
• autocratic democracy

Type of democracy where citizens vote directly for legislative body (law-making body) and executive branch

• presidential democracy
• parliamentary democracy
• absolute democracy
• autocratic democracy

The people of the village Cragin have always bartered with the people in Avis. They only barter on the 4th day of the second week of the third month in a calendar year.

• command

• market

• mixed

• traditional

Mr. Potato Head and Mrs. Potato Head have started a Potato Chip company. Their main competition is Lays potato chips. Both companies base all decisions about production on supply and demand without any government regulations.

• mixed

• traditional

• command

• market

Snoopy's new business designs and builds luxury dog houses. In order to build quality homes, Snoopy invested in new equipment like saws, hammers, and spray painting machine. This is an example of investing in ____?

• education
• capital goods
• human capital
• training